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|2nd August 2010, 21:46||#16|
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Ford officially sells Volvo to Geely for $1.8b
BREAKING: Ford officially sells Volvo to Geely for $1.8b — Autoblog
|5th December 2010, 21:26||#17|
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Clashes between Volvo management and Geely
Read in FT that
1:While Geely wants to build up to three Chinese plants to profit from that country’s rocketing car sales, Volvo’s Gothenburg-based management want to build a solid business case before expanding.
2: Two Chinese cities helped Geely to finance the $1.5bn deal in expectation that Volvo would build car or engine plants under discussion in their regions.
3: Although China is now a larger vehicle market than the US. Volvo managers want to form a clear business case for the plants, and know how they will be financed before proceeding.
Cant produce article but above is asummary
|6th December 2010, 01:06||#18|
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Whats all the fuss about really ?. Why is Volvo seen in such a poor light just because it's being taken over by a Chinese Company. If for any reason, it has to be only good for Volvo and its loyal customers. I'm sure now a Volvo could be had at real competitive prices.
The same sentiments were shared by people when Tata had bought Jaguar's. Jaguar was also seen in poor light because it was going to owned by an Indian company. But guess what, Jaguar is doing much better now. So chill guy's, the Chinese are also not so bad.
Last edited by Amartya : 6th December 2010 at 10:27. Reason: Back to back posts within 20 mins.
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